US Sec. of State Blinken urges China to act responsibly in Evergrande crisis – Bloomberg
|US Secretary of State Antony Blinken says the US wants China to act “responsibly” when it comes to addressing the potential impacts of China Evergrande Group’s financial crisis, per Bloomberg.
“China has to make sovereign economic decisions for itself, but we also know that what China does economically is going to have profound ramifications, profound effects, on literally the entire world because all of our economies are so intertwined,” per US Secretary of State Blinken while speaking from Paris during the Bloomberg interview.
The diplomat adds, “So certainly when it comes to something that could have a major impact on the Chinese economy we look to China to act responsibly and to deal effectively with any challenges.”
Bloomberg also said, “US Secretary of State Antony Blinken criticized China’s recent military maneuvers around Taiwan, urging leaders in Beijing to stop such behavior for fear of a miscalculation.”
FX reaction
Given the mixed news and the market’s attention to the US debt ceiling chatters, no major reaction could be spotted to Mr. Blinken’s comments. It should be noted that the US and China have agreed to a virtual meeting between US President Joe Biden and his Chinese counterpart Xi Jinping before the year-end.
Read: US Sen. Republican Leader McConnell reportedly plans to propose short-term solution to debt crisis
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.